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South Korea: Stocks step up, won weaker


[SEOUL] South Korea's Kospi stock index rose on Friday. The Korean won fell in the local platform while bond yields rose.

At 01.54 GMT, the Kospi was up 9.70 points or 0.39 per cent at 2,479.18.

The won was quoted at 1,089.4 per dollar on the onshore settlement platform , 0.03 per cent weaker than its previous close at 1,089.1.

In offshore trading, the won was quoted at 1,090.25 per US dollar, down 0.22 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,084.15 per dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.38 per cent, after US stocks ended the previous session with mild losses. Japanese stocks weakened 0.85 per cent.

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The Kospi is up around 21.9 per cent so far this year, and down by 3.02 per cent in the previous 30 days.

The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 per cent and the market capitalisation is 1,242.04 trillion won.

The trading volume during the session on the Kospi index was 126,014,000 shares. Of 874 total traded issues, the number of advancing shares was 388.

Foreigners were net sellers of 80,004 million won worth of shares.

The US dollar has fallen 9.62 per cent against the won this year. The won's high for the year is 1,075.71 per dollar on November 29 2017 and low is 1,211.8 on January 3 2017.

In money and debt markets, December futures on three-year treasury bonds rose 0.02 points to 108.32.

The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.66 per cent compared with a previous close of 1.66 per cent, while the benchmark 3-year Korean treasury bond yielded 2.083 per cent, higher than the previous day's 2.08 per cent.


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